BTCUSDT Possible Wave (4) Completion at Key Resistance – Downtre

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BTCUSDT Possible Wave (4) Completion at Key Resistance – DowntreBitcoin / TetherUSBINANCE:BTCUSDTmalindathenabaduDescription: BTC is currently approaching a critical resistance zone near the 0.5 Fibonacci retracement level around 78.8k, while trading inside a rising corrective channel. Price action suggests a possible completion of Wave (4), which may lead to the start of Wave (5) downside if resistance holds. Key levels to watch: 🔹 Resistance: 78.8k – 83.3k (0.5 / 0.618 Fib zone) 🔹 Support: 74.5k, 68k, 59.9k Bearish confirmation would come from rejection in this zone followed by a break below channel support. A strong breakout above 83.3k would invalidate this setup and open higher targets. This is only a technical idea based on price structure, Fibonacci levels, and Elliott Wave interpretation. Not financial advice. Manage risk carefully